Ondo Finance has announced an update to its real-world asset (RWA) tokenization platform, Ondo Global Markets (Ondo GM). The company aims to bring stocks, bonds, and ETFs onto the blockchain, providing liquidity and accessibility similar to stablecoins for fiat currencies. Ondo GM will leverage blockchain technology to create a more transparent and efficient financial market, addressing issues such as high fees, limited access, and transfer frictions. The new framework will enable issuers to create tokens with stablecoin-like transferability, democratizing financial markets by reducing fees and increasing accessibility. Ondo Finance is a leader in the RWA tokenization space, with over $637 million in assets. The company recently announced plans to launch a tokenized US Treasury Fund on the XRP Ledger. However, concerns remain about fragmented liquidity and scaling institutional adoption across chains. The announcement comes before the Ondo Summit in New York, which will feature major industry players and highlight advancements in bridging traditional financial markets with blockchain technology. Despite the news, the reaction to Ondo Finance's token is currently modest, with a 1.37% increase in value.



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